When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy.
David RolfThe vast majority (over 80 percent) of fast-food and similar low wage service jobs (<$9.24/hr) are held by adults. A quarter are adults over 40. Another quarter are moms raising kids.
David RolfIncome inequality and wage stagnation finally took their place among the principal moral issues of our time.
David RolfBusinesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting jobs. Of course: because they need staff to make their businesses run!
David Rolf